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So let´s say you save $1k/month from a dayjob after rent and bills.
A common strategy I see is having a mortgage on a house and then using money from a business system to pay it off. Is this a smart way to do it? Since you are leveraging time on the rent and you also use explosive business income to eventually pay off your debt.
The great thing about it is you dont even have to "make it". Even if you don´t, the debt will still be paid off in 30 years time or so.
What other strategies are there?
How can you make most use of your time and income?
Especially asking @biophase and @MJ DeMarco. If you know anyone who has relevant experience feel free to tag.
Thoughts derived form this thread.
A common strategy I see is having a mortgage on a house and then using money from a business system to pay it off. Is this a smart way to do it? Since you are leveraging time on the rent and you also use explosive business income to eventually pay off your debt.
The great thing about it is you dont even have to "make it". Even if you don´t, the debt will still be paid off in 30 years time or so.
What other strategies are there?
How can you make most use of your time and income?
Especially asking @biophase and @MJ DeMarco. If you know anyone who has relevant experience feel free to tag.
Thoughts derived form this thread.
INVESTING - HOT! - Pay down debt before cash and dividend yields
Hi Forum, first I am a huge believer in Millionaire Script having read both books Unscripted and Millionaire Fastlane . I still am working full-time but I have a side hustle which will soon be my main hustle. The side hustle pays out a consistent residual payment that my family can almost live...
www.thefastlaneforum.com
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